Oxford Industries Inc. (OXM) announced that it has completed its previously announced plan to amend and restate its $175 million U.S. asset-based revolving credit facility. The restated $235 million asset-based facility will mature in 2017.
In a separate press release, Oxford Industries announced that it will call for redemption all of its outstanding 11.375% Senior Secured Notes due 2015. There is currently $105 million aggregate principal amount of notes outstanding.
The redemption date is scheduled for July 16, 2012 at an aggregate price of $110.97 million. The company said it intends to fund the redemption with borrowings under its amended and restated $235.0 million asset-based revolving credit facility and cash on hand.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.